Wall Street brokerages predict that SecureWorks Corp. (NASDAQ:SCWX) will announce ($0.09) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for SecureWorks Corp.’s earnings, with estimates ranging from ($0.10) to ($0.08). SecureWorks Corp. reported earnings of ($0.02) per share in the same quarter last year, which indicates a negative year over year growth rate of 350%. The company is scheduled to report its next quarterly earnings report on Wednesday, December 6th.
According to Zacks, analysts expect that SecureWorks Corp. will report full year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.32) to ($0.30). For the next year, analysts expect that the company will report earnings of ($0.15) per share, with EPS estimates ranging from ($0.25) to ($0.09). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover SecureWorks Corp..
SecureWorks Corp. (NASDAQ:SCWX) last announced its earnings results on Wednesday, September 6th. The technology company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. The firm had revenue of $116.27 million for the quarter, compared to the consensus estimate of $113.75 million. SecureWorks Corp. had a negative net margin of 8.97% and a negative return on equity of 3.32%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the company posted ($0.07) EPS.
Several analysts have commented on the stock. Zacks Investment Research downgraded shares of SecureWorks Corp. from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Barclays PLC downgraded shares of SecureWorks Corp. from an “equal weight” rating to an “underweight” rating and set a $11.00 target price on the stock. in a report on Friday, October 13th. Citigroup Inc. restated a “neutral” rating and set a $11.00 target price (up from $10.00) on shares of SecureWorks Corp. in a report on Thursday, September 7th. Royal Bank Of Canada restated an “outperform” rating and set a $15.00 target price (up from $13.00) on shares of SecureWorks Corp. in a report on Tuesday, October 3rd. Finally, KeyCorp restated a “buy” rating and set a $15.00 target price on shares of SecureWorks Corp. in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.67.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in shares of SecureWorks Corp. by 1.0% in the first quarter. Alliancebernstein L.P. now owns 20,100 shares of the technology company’s stock valued at $191,000 after purchasing an additional 200 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SecureWorks Corp. by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 21,098 shares of the technology company’s stock valued at $201,000 after purchasing an additional 423 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SecureWorks Corp. by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 13,844 shares of the technology company’s stock valued at $129,000 after purchasing an additional 1,022 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of SecureWorks Corp. by 15.3% in the second quarter. California State Teachers Retirement System now owns 14,314 shares of the technology company’s stock valued at $133,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of SecureWorks Corp. by 32.2% in the second quarter. Teachers Advisors LLC now owns 12,872 shares of the technology company’s stock valued at $120,000 after purchasing an additional 3,135 shares during the last quarter. Institutional investors own 7.14% of the company’s stock.
Shares of SecureWorks Corp. (SCWX) traded up $0.17 during mid-day trading on Friday, reaching $9.85. 100,626 shares of the company’s stock traded hands, compared to its average volume of 119,522. SecureWorks Corp. has a 52-week low of $8.25 and a 52-week high of $12.99.
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SecureWorks Corp. Company Profile
Secureworks Corp. is a holding company. The Company provides intelligence-driven information security solutions. The Company is focused on protecting the Company’s clients from cyber-attacks. The Company’s solutions enable companies to fortify their cyber defenses to prevent security breaches, detect malicious activity in real time, prioritize and respond to security incidents, and predict emerging threats.
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